Canadians! What is your prediction for interest rates for the rest of 2024

[Cody Neustaedter]

Hello fellow Canadians,

Interest rates are obviously still a hot topic. What is everyone's take on where interest rates are heading for the rest of the year?

Personally, I know a LOT of people are expecting cuts to start happening in June but with the spring market being hot here in Winnipeg and with the recent carbon tax increase I could see inflation staying high forcing the BOC to keep the prime rate where it is. I am not super well informed about other Canadian markets so would be interested in hearing what other investors, lenders, agents are expecting for the second half of 2024.